XHB vs. AIPO

Last updated Jun 23, 2026

XHB (SPDR S&P Homebuilders ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both Building & Construction funds - XHB tracks the S&P Homebuilders Select Industry Index while AIPO tracks the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. At a 0.36 correlation, their price movements are largely independent. XHB charges 0.35%/yr vs 0.69%/yr for AIPO.

Performance

XHB vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Homebuilders ETF (XHB) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XHB achieves a 6.31% return, which is significantly lower than AIPO's 57.19% return.

XHB

• 1D: -1.58%
• 1M: 9.28%
• YTD: 6.31%
• 6M: 4.68%
• 1Y: 15.99%
• 3Y*: 13.19%
• 5Y*: 9.70%
• 10Y*: 13.79%

AIPO

• 1D: 2.26%
• 1M: 7.45%
• YTD: 57.19%
• 6M: 53.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XHB vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
XHB SPDR S&P Homebuilders ETF	6.31%	-2.15%
AIPO Defiance AI & Power Infrastructure ETF	57.19%	9.46%

Correlation

The correlation between XHB and AIPO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.36

XHB vs. AIPO - Sectors Allocation Comparison

Sectors	XHB	AIPO
Consumer Cyclical	60.5%	-
Industrials	38.4%	46.4%
Real Estate	1.1%	1.0%
Basic Materials	-	-
Communication Services	-	0.8%
Consumer Defensive	-	-
Energy	-	6.1%
Financial Services	-	5.3%
Healthcare	-	-
Technology	-	18.9%
Utilities	-	21.2%

Return for Risk

XHB vs. AIPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHB

XHB Risk / Return Rank: 18
XHB Sharpe Ratio Rank: 17
XHB Sortino Ratio Rank: 20
XHB Omega Ratio Rank: 17
XHB Calmar Ratio Rank: 17
XHB Martin Ratio Rank: 15

AIPO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XHB vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Homebuilders ETF (XHB) and Defiance AI & Power Infrastructure ETF (AIPO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XHB	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	0.57	—	—
Sortino ratio: Return per unit of downside risk	1.09	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.74	—	—
Martin ratio: Return relative to average drawdown	1.51	—	—

Drawdowns

XHB vs. AIPO - Drawdown Comparison

The maximum XHB drawdown since its inception was -81.61%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for XHB and AIPO.

Drawdown Indicators

	XHB	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-81.61%	-17.31%	-64.30%
Max Drawdown (1Y) Largest decline over 1 year	-21.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.57%	—	—
Current Drawdown Current decline from peak	-11.97%	0.00%	-11.97%
Average Drawdown Average peak-to-trough decline	-27.57%	-4.44%	-23.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.60%	—	—

Volatility

Volatility by Period

	XHB	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.44%	35.26%	-6.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.84%	35.26%	-7.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.52%	35.26%	-7.74%

XHB vs. AIPO - Expense Ratio Comparison

XHB has a 0.35% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

XHB vs. AIPO - Dividend Comparison

XHB's dividend yield for the trailing twelve months is around 0.73%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XHB SPDR S&P Homebuilders ETF	0.73%	0.78%	0.59%	0.77%	1.06%	0.51%	0.73%	0.89%	1.25%	0.72%	0.67%	0.50%

Frequently Asked Questions

Can I hold both XHB and AIPO in my portfolio?

XHB and AIPO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XHB or AIPO?

On fees, XHB is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XHB or AIPO?

XHB is cheaper with a 0.35% expense ratio, compared with 0.69% for AIPO.

Which ETF pays a higher dividend yield, XHB or AIPO?

XHB has the higher dividend yield at 0.73%, compared with 0.01% for AIPO.

What is the main difference between XHB and AIPO?

XHB tracks S&P Homebuilders Select Industry Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: State Street and Defiance. Their fees differ too: 0.35% for XHB and 0.69% for AIPO.